Business, Management and Accounting
8 years ago

Auctions and Sealed Tenders Revolutionize Competitive Bidding, Boost Economic Efficiency

1 view
The Journal of Finance
COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS
William Vickrey

Paper Summary

The article discusses how different methods like auctions and competitive sealed tenders can be used to predict outcomes in financial markets. The researchers found that these methods can help counteract speculation and lead to more efficient market outcomes.

Related papers

Decision Sciences
10 months ago

New auction theorem reveals when bidders win big or lose out

Mechanism Design
Economic Analysis
Economic Behavior
1 view
Decision Sciences
8 years ago

Bidders in large auctions likely to bid just below their value

Mechanism Design
Network Formation
Economic Analysis
1 view
Decision Sciences
8 years ago

Slight Advantages in Auctions Can Drastically Reduce Revenue and Fairness

Mechanism Design
Economic Analysis
Economic Behavior
1 view